U.S. investment management giant Pimco has purchased over €1B ($1B) worth of loans , which were used by Apollo, another U.S. firm, to underwrite its purchase of French payments company Worldline . The purchase has taken place at a large discount.

Pimco buys $1B of debt / Twitter wins expedited trial / Chinese holdings of U.S. treasuries drop below $1T comes via ChinaTechNews.com.